I understood that Zeff had said MNE will not require a CR to get El Roble going.
Currently we can produce 1 000 tonnes per month and once the mining licence is issued, due any time between now and the end of March, this will go up to 5 000 tonnes per month from Panga alone.
The revenue from toll treating this will mean that no CR is necessary.
Our capex is almost non-existent, a couple of hired lorries some backhoe lifters (JCBs) the odd bulldozer and we are away.
The key thing is ensuring that what is sent to the mill comes from higher grade areas, confirming the location of these is what is underway right now.
Why worry about a CR?
EB
MNE Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held
